Grimes & Company Inc. Sells 2,090 Shares of lululemon athletica inc. $LULU

Key Points

• Grimes & Company Inc. sold 2,090 shares of lululemon athletica, reducing its stake by 3.6%, leaving the firm with 55,861 shares valued at approximately $13.27 million.
• After a recent earnings report, lululemon athletica achieved EPS of $3.10, surpassing estimates, while reporting revenue of $2.53 billion, slightly below expectations.
• Institutional investors now hold 85.20% of lululemon athletica's stock, indicating significant institutional interest and modifying positions recently.

Grimes & Company Inc. trimmed its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,861 shares of the apparel retailer's stock after selling 2,090 shares during the period. Grimes & Company Inc.'s holdings in lululemon athletica were worth $13,271,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sandler Capital Management bought a new stake in shares of lululemon athletica in the first quarter valued at about $484,000. Twin Capital Management Inc. raised its holdings in lululemon athletica by 58.3% during the first quarter. Twin Capital Management Inc. now owns 3,676 shares of the apparel retailer's stock worth $1,041,000 after acquiring an additional 1,354 shares in the last quarter. Narwhal Capital Management raised its holdings in lululemon athletica by 262.7% during the first quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock worth $5,315,000 after acquiring an additional 13,600 shares in the last quarter. Sawgrass Asset Management LLC bought a new stake in lululemon athletica during the first quarter worth about $9,209,000. Finally, WealthPlan Investment Management LLC raised its holdings in lululemon athletica by 26.9% during the first quarter. WealthPlan Investment Management LLC now owns 7,647 shares of the apparel retailer's stock worth $2,165,000 after acquiring an additional 1,622 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

lululemon athletica Stock Down 1.5%

Shares of NASDAQ:LULU opened at $175.59 on Monday. The firm has a market cap of $20.82 billion, a P/E ratio of 11.94, a P/E/G ratio of 10.98 and a beta of 1.07. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $423.32. The business has a fifty day simple moving average of $187.64 and a 200 day simple moving average of $240.86.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.24. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.lululemon athletica's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $3.15 EPS. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. As a group, equities research analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

Insiders Place Their Bets

In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the sale, the insider directly owned 8,993 shares in the company, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on LULU shares. Oppenheimer reissued a "market perform" rating and set a $500.00 price target on shares of lululemon athletica in a research report on Friday, September 5th. Telsey Advisory Group cut lululemon athletica from an "outperform" rating to a "market perform" rating and cut their price target for the company from $360.00 to $200.00 in a research note on Monday, September 15th. Dbs Bank cut their price target on lululemon athletica from $165.00 to $134.00 in a research note on Friday, September 19th. UBS Group cut their price target on lululemon athletica from $240.00 to $185.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. Finally, Sanford C. Bernstein cut their price target on lululemon athletica from $350.00 to $220.00 and set an "outperform" rating for the company in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, lululemon athletica presently has an average rating of "Hold" and an average price target of $233.33.

About lululemon athletica

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.

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